bachelor of commerce eligibilty & … · bachelor of commerce objectives: ... objectives: the...

2016-2017 (I & II Sem), 2017-2018 (III & IV Sem) and 2018-2019 (V & VI Sem)

BACHELOR OF COMMERCE OBJECTIVES:

The business scenario is ever changing in terms of practice and knowledge generation and these have

a tremendous impact on commerce education worldwide. The objective of this course is therefore to

provide a thorough knowledge about trade and commerce and to impart relevant skills in the field of

accounting, management, business economics & finance.

ELIGIBILTY & ADMISSION CRITERIA The course leading to the degree of B.Com will be a full time (day hour) three year degree course

consisting of six semesters after qualifying 10+2(senior secondary) or its equivalent public

examination conducted by any recognized Board of Education in India. In order to ensure best intake

in the course students will be admitted purely on the merit basis.

SCHEME OF EXAMINATIONS

Examinations shall be conducted at the end of each semester as per the academic calendar notified by

the College.

PASS PERCENTAGE AND PROMOTION CRITERIA As per college rules.

REAPPEARANCE IN PASSED PAPERS

As per college rules.

DIVISION CRITERIA

As per college rules.

SPAN PERIOD

Three Years Duration

ATTENDANCE REQUIREMENT As per college rules.

Faculty of Management and Commerce Studies,

Lachoo Memorial College of Science & Technology (Autonomous),

Jodhpur-342009


Syllabus for

B Com Semester-I

Marks

I Semester

B.COM

Code No.

Name of

Subject

Number

of Hours

per week

CIA

(Continuous

Internal

Assessment)

1 hour

Examination

ESE

(End

Semester

Examination)

3 hours

Examination

Maximum/

Minimum

B.COM111 Accounting 4 20 80 100/40

B.COM112 Economics 4 20 80 100/40

B.COM113 Mercantile Law 4 20 80 100/40

B.COM114 Management

Concepts 4 20 80 100/40

B.COM115 General

English/Hindi 4 20 80 100/40

Total 20 80 320 400/200 *The BOS approved paper B.COM 115 i.e. the paper on General English/Hindi; Grade PP shall be

awarded for a pass and NP for a failure.

Syllabus for

B Com Semester-II

Marks

I Semester

B.COM

Code No.

Name of

Subject

Number

of Hours

per week

CIA

(Continuous

Internal

Assessment)

1 hour

Examination

ESE

(End

Semester

Examination)

3 hours

Examination

Maximum/

Minimum

B.COM211 Financial

Accounting 4 20 80 100/40

B.COM212 Business

Statistics 4 20 80 100/40

B.COM213 Business &

Economic

Environment 4 20 80 100/40

B.COM214 Cost Accounting 4 20 80 100/40 B.COM215 Spoken English 4 20 80 100/40

Total 20 80 320 400/200

*The BOS approved paper B.COM 215 i.e. the paper on Spoken English/Hindi; Grade PP shall be



Syllabus for

B Com Semester-III

Marks

I Semester

B.COM

Code No.

Name of

Subject

Number

of Hours

per week

CIA

(Continuous

Internal

Assessment)

1 hour

Examination

ESE

(End

Semester

Examination)

3 hours

Examination

Maximum/

Minimum

B.COM311 Financial

Management 4 20 80 100/40

B.COM312 Corporate Law 4 20 80 100/40

B.COM313 Corporate


B.COM314 Banking

Operations 4 20 80 100/40

B.COM315 Environmental

Studies 2 20 80 100/40

B.COM321 Two Term

Papers 2 20 80 100/40

Total 20 80 320 400/200

*The BOS approved paper B.COM 315 i.e. the paper on Environmental Studies; Grade PP shall be


** The BOS approved paper number B.COM 321 i.e. Two Term Papers. Students will prepare term

papers under the guidance of assigned faculty members and will submit and present the term papers in

the Continuous Internal Assessment Examinations (CIA) of 20 marks and will be evaluated by the

internal and external examiners on the same in End Semester Examinations (ESE).

Syllabus for

B Com Semester-IV

Marks

I Semester

B.COM

Code No.

Name of

Subject

Number

of Hours

per week

CIA

(Continuous

Internal

Assessment)

1 hour

Examination

ESE

(End

Semester

Examination)

3 hours

Examination

Maximum/

Minimum

B.COM411 Direct Taxation 4 20 80 100/40

B.COM412 Auditing and

Assurance 4 20 80 100/40

B.COM413 Quantitative

Aptitude 4 20 80 100/40

B.COM414 Economic &

Industrial Law 4 20 80 100/40

B.COM415 Office Automation

and Accounting

Applications 4 20 80 100/40


Total 20 80 320 400/200

Syllabus for

B Com Semester-V

Marks

I Semester

B.COM

Code No.

Name of

Subject

Number

of Hours

per week

CIA

(Continuous

Internal

Assessment)

1 hour

Examination

ESE

(End

Semester

Examination)

3 hours

Examination

Maximum/

Minimum

B.COM511 Indirect Taxation 4 20 80 100/40

B.COM512 Management


B.COM513 Functional


B.COM514 International

Trade & Finance 4 20 80 100/40

B.COM515 Entrepreneurship 4 20 80 100/40

Total 20 80 320 400/200

Syllabus for

B Com Semester-VI

Marks

I Semester

B.COM

Code No.

Name of

Subject

Number

of Hours

per week

CIA

(Continuous

Internal

Assessment)

1 hour

Examination

ESE

(End

Semester

Examination)

3 hours

Examination

Maximum/

Minimum

B.COM611 Financial Market

Operations 4 20 80 100/40

B.COM612 Advance


B.COM613 Insurance


B.COM621 Business Plan 4 20 80 100/40

B.COM622 Comprehensive

Viva- Voce - - 100 100/40

B.COM

623

Seminar on

Contemporary

Issues 4 20 80 100/40

Total 20 80 320 400/200

*The BOS approved PaperB.COM 621 i.e. Business Plan, Students are required to submit and present

the plan on the basis of Industry/Enterprise visited by them in the Continuous Internal Assessment

Examination (CIA) of 20 marks and will be evaluated in the same by internal and external examiners in

End Semester Examinations (ESE).


**The BOS approved Paper B.COM 622 i.e. Comprehensive Viva-Voce examination is based on the

subject knowledge of B.COM I to BBA VI Semester and will be jointly examined by the internal and

external examiners.

*** The BOS approved Paper B.COM 623 i.e. Seminar on Contemporary Issues. Here the faculty

members will assign contemporary issues concerning with Corporate sector like, merger & acquisition,

current economic issues, stock market developments, to the students. Students will prepare seminar

report under the guidance of assigned faculty members and will submit and present the report in the

Continuous Internal Assessment Examinations (CIA) of 20 marks and will be evaluated by the internal

and external examiners on the same in End Semester Examinations (ESE).

B.COM111: ACCOUNTING

Objectives: The paper aims at providing the basic knowledge to the student about the accounting management of an enterprise/organization.

Unit 1

Introduction to Accounting: Meaning, objectives, Basic Accounting terms.

Accounting Principles: Meaning and nature, accounting concepts and

conventions. Nature of Accounts, Rules of Debit and Credit. Recording of

Transactions: Books of Original Entry- Journal, special purpose journal.

Ledger posting from Journal and Balancing

Unit 2

Trial Balance: Meaning, objectives& preparation. Errors: Types of Errors and

Rectification; Preparation of Trading and Profit and loss account and Balance

Sheet, Adjustments in preparation of Financial Statements

Unit 3

Bank Reconciliation Statement: Need for reconciliation between Cashbook

and bank pass book and problems relating to the preparation of bank

Reconciliation statements. Accounting for Non-profit organizations; Receipts

and Payment Account, Preparation of Income and Expenditure Accounts and

Balance Sheet from Receipt and Payment account

Unit 4

Accounting for Depreciation: Methods, computation and accounting

treatment of Depreciation, change in depreciation method. Accounting for

insurance claim for loss of stock and loss of profit.

Unit 5 Hire Purchase and Installment Payment System

Suggested Readings 1. Rajpurohit, Joshi, Fundamentals of Accounting, Rajasthan Pathaya Prakashan.

2. Shukla, M.C, Grewal, T.S. Gupta, S.C.: Financial Accounting, New Delhi, S. Chand ltd.

3. Mongra, J.R. Ahuja, Girish and Sehgal, Ashok: Financial Accounting, Mayurs PaperBacks, New Delhi

4. Maheshwari S.N., Corporate Accounting, Vikas Publishing House, New Delhi.

B.COM112: ECONOMICS

Objectives: The paper aims at providing the basic knowledge to the student about the

economics.

Unit 1

Meaning, Nature & Scope of Business Economics, Cardinal approach & Ordinal

approach: Utility, Measurement of utility, Law of Diminishing Marginal Utility, Law

of Equi-Marginal utility, demand analysis: concept and Law of Demand, Elasticity of

demand-Meaning, type measurement.

Unit 2 Production function: Law of variable proportions, expansion path, returns to scale, internal and external economies and diseconomies, ridge lines, theory of cost: short

run and long run cost curve.

Unit 3 Market structures: a) perfect competition: profit maximization and equilibrium of

firm


and industry, price and output determination in short run and long run; b) monopoly : determination of price, equilibrium of a firm, c) monopolistic competition: price and

output determination, d) oligopoly: characteristics, pricing and output determination,

price leadership and collusive oligopoly.

Unit 4

Factor pricing – I: Marginal productivity theory and demand for factors; nature of

supply of factor inputs, determination of wage rates under perfect competition and

monopoly, exploitation of labour, rent concept, Ricardian and modern theories of

rent: quasi rent

Unit 5 Factor Pricing-II: Interest- concept and theories of interest, profit- nature, concepts

and theories of profit.

Suggested Readings:

1. Dwivedi ,D. N.Managerial Economics.New Delhi,Vikas Publication,Edition 7.

2. Mithani. Jhingan Managerial Economics. Delhi Himalaya Publication

3. Dean,Joel. Managerial Economics, PHI Learning House

4. Chaudhary C.M. Managerial Economics.New Delhi ,Arihant Publishing House.

5. Dutt Ruddar & Sundram- Indian Economy. Delhi, Sultan Chand- May 2016.

B.COM113: MERCANTILE LAW

Objectives: The paper aims at providing the basic knowledge to the student about the

Mercantile Law which include Law of Contract, Sale of Goods Act, The

Consumer Protection Act

Unit 1 Law of Contract (1872): Section 1 to 36

Unit 2 Law of Contract (1872): Section 37 to 75

Unit 3 Special Contracts; Indemnity; Guarantee; Bailment and pledge, Agency

Unit 4

Indian Sale of Goods Act, 1930: Formation of Contracts of Sale; goods and

their classification, Price: Conditions a n d Warranties, Transfer of Property in

goods; performance of the contract of Sales, Unpaid seller and his rights, Sale

by auction, Hire purchase agreement

Unit 5 The Consumer Protection Act, 1986: Salient features, Definition of consumer;

Grievance redressal machinery.

Suggested Readings: 1. Gogna, P .P. Business Law. New Delhi, S. Chand & Company.

2. Kuchal M.C. Mercantile Law, New Delhi, Vikas Publishing House.

3. Shukla, M.C .Mercantile Law. New Delhi, S. Chand and Company.

4. Gulshan, S.S. Business Law. New Delhi, Excel Books

B.COM114: MANAGEMENT CONCEPTS

Objectives: The paper aims at providing the basic knowledge to the student about the Management of an enterprise.

Unit 1 Management: Importance - Definition - Nature and Scope of Management process -

Role and Functions of a Manager - Levels of Management - Development of

Scientific Management and other Schools of thought and approaches.

Unit 2 Planning: Nature, Significance, Types, and Steps in Planning, Objectives, Policies -

Procedures and Methods; Decision-making - Process of Decision-making, Types of

Decision.

Unit 3 Organizing Concept, nature, process, and significance; Authority and responsibility


relationships; Centralization and decentralization; Departmentation; Types of

Organizational structures.

Unit 4

Motivation & Control: Meaning, Objectives, Importance, Motivation Theories;

Maslow, Herzberg, McGregor; Financial and non-financial incentives, Managerial

Control: Concept and process; Effective control system; Techniques of control -

traditional and modern.

Unit 5

conceptual framework of Corporate Governance: Meaning, Theories of Corporate

Governance, Models of Corporate Governance, Corporate Governance vs. Corporate

Excellence, Insider Trading, Rating agencies, Benefits of Corporate Governance,

Corporate Governance Reforms, and Initiatives in India. Suggested Readings

1. Gupta,C B.Management &Organisation.New Delhi,Sultan Chand publications.

2. Allen,Louis A.Management &Organisation. Delhi ,McGraw Hill Publications.

3. Koontz, H. and Wechrich, H. : Management, 10th ed., New York,McGraw Hill.

4. Luthans Fred.Organizational Behaviour.Delhi McGraw Hill publications,Edition 12,2010

5. Ivanicevich and Matteson .Organizational Behaviour and Management. McGraw Hill publications

6. L .M. Prasad, “Organizational Behaviour”, 3rd Edition, Sultan Chand and Sons, 2001

B.COM211: FINANCIAL ACCOUNTING

Objectives: To make the students familiar with generally accepted accounting principles

of financial accounting & their applications in business organizations excluding

corporate entities.

Unit 1 Voyage accounting, Accounting for empty container, Royalty Accounts

Unit 2 Departmental Accounting, Branch Accounting

Unit 3 Partnership Accounts: partner’s Capital accounts, Profit and Loss

Appropriation account, Adjustment in closed books of accounts,

Unit 4 Reconstitution of Partnership: Admission of Partner, Retirement and Death of

Partner

Unit 5

Dissolution of Partnership Firm: Modes of Dissolution of Firms,

Insolvency of Partners, Amalgamation of partnership firm, Sale of firm to a

company, Gradual realization of assets and Piecemeal Distribution of Cash

Suggested Readings 1. Shukla M.C., Grewal T.S.- Financial Accounting- S. Chand & Company, New Delhi

2. Shukla M.C., Grewal T.S, Gupta, S.G., Advanced Accounts, S.Chand & Co. New Delhi.

3. Dr. Guru Prasad Murthy- Financial Accounting- Himalaya Publishing House

4. Gupta.R.G., Gupta. V.k. Financial Accounting Fundamental. S.Chand & Co. New Delhi

B.COM212: BUSINESS STATISTICS

Objectives: The basic objective of this paper is to familiarize the knowledge to the

student about the Statistical techniques related to business decision making

process.

Unit 1 Introduction of Statistics, Statistical investigation and its types, Methods of

measurement, Collection of data, Primary and secondary, editing & approximation

Unit 2

Univariate analysis: measure of central tendency- arithmetic mean, geometric mean

and harmonic mean: properties and applications, mode and median and other

partition values- quartile, decile, and percentiles, measure of variation- absolute and relative,


range, quartile deviation, mean deviation, standard deviation and variance

Unit 3 Bivariate analysis: correlation- meaning and measurement, Karl Pearson’s co-

efficient and rank correlation; regression analysis: linear regression defined,

regression equations and estimation

Unit 4 Measurement of Dispersion, Skewness and Index Numbers: Absolute and Relative,

Methods of Construction: Simple, weighted and other averages

Unit 5 Probability & its distribution: meaning, concepts, basic & compound probability, distribution- Binomial, Poisson and Normal .

Suggested Readings:

1. Hooda, R.P.: Statistics for Business and Economics. New Delhi, Macmillan Publishers.

2. Nagar K.N.-Sankhyiki Ke Mooltatva, Jain Book Agency .

3. Gupta S.P-Statistical methods, New Delhi,Sultan Chand and sons.

4. Gupta S.P.-Fundamental of Statistics , New Delhi,Sultan Chand and sons.

B.COM213: BUSINESS & ECONOMIC ENVIRONMENT

Objectives: To make the students familiarize the students with the nature & dimensions

of evolving business environment & economic environment to influence

managerial decisions.

Unit 1 Elements of business environment: nature and factors in business environment,

Elements of economic environment, Economic planning: Critical Appraisal of 10th

and 11th five year Plans.

Unit 2 Problems relating to Population; Unemployment; Poverty; Regional Imbalances;

Parallel Economy; Balance of Payment

Unit 3 Economic Policies: Monetary Policy; Fiscal Policy; Export and Import; Foreign

Investment Policy.

Unit 4 Industrial Development & Industrial Policy, Industrial Sickness; Economic Reforms;

Liberalization; Small Scale, Cottage and Village Industries.

Unit 5 International Environment : India and the World Economy, Problems of Developing countries; Foreign Investment in India; International Economic Institutions; WTO,

IMF, World Bank ADB.

SUGGESTED READINGS 1. Sheikh .business environment .New Delhi ,Pearson Education.

2. Bedi, Suresh. Business environment. New Delhi, Excel books.

3. Mittal, Vivek. Business environment. Excel books, New delhi,2011

4. Justin, Paul.Business environment .Tata McGraw Hill, New Delhi 2009

5. Cherunillam Francis, business environment, Himalaya Publishing House,

6. Ghosh. Business Environment ,Oxford University press

B.COM214: COST ACCOUNTING

Objectives: To acquaint the students with basic concepts used in cost accounting and

various methods involved in cost ascertainment systems.

Unit 1

Cost Accounting: Meaning, Definition, Objective, Importance, Limitation,

Distinction between cost and financial accounting, methods and technique of

costing, types of cost, Characteristics of Ideal system of Cost Accounting ,

Elements of cost

Material cost Control: Meaning, objective, Methods of Fixation of inventory

levels, Methods of Valuing Material Issues, Material turnover ratio, ABC

analysis for material control


Unit 2

Labour cost Control: Meaning, idle time and over time, Labour turnover,

Method of wages payment, Incentive plans

Overheads: Meaning, allocation, Classification, Apportionment and

absorption of overheads, under and over absorption of overheads

Unit 3

Unit or single output costing- meaning, cost sheet, cost statement:

determination of tender and selling price, Production account, Reconciliation

between profit shown by cost and financial statement

Unit 4 Job, Batch and Contract costing, operating costing- Transportation only,

Uniform Costing- Concept, Utility

Unit 5

Process costing- meaning, treatment of normal and abnormal loss and gain, by

product and joint product, Inter Process Profit, Costing of Work-in-Progress

(Equivalent Product)

Suggested Reading: 1. Oswal, Maheshwari & Rajpurohit- Cost Accounting- Ramesh Book Depot, Jaipur.

2. Jain S.P. and Narang, K.L.- Cost Accounting- Kalyani Publisher- New Delhi

3. Tulsian,P.C.- Practical Costing- Vikas Publication- New Delhi

4. Maheshwari,S.N.- Advance problem and Solution in Cost Accounting- Sultan Chand- New Delhi.

B.COM311: FINANCIAL MANAGEMENT

Objectives: To make the students familiar with the elements and tools of financial

management.

Unit 1 Financial Management: Nature, Scope, objectives, importance and Functions of

Financial Manager. Profit versus Wealth maximization principle. Time value of

money: Concept of Risk and Return (including Capital Asset Pricing Model).

Unit 2

Cost of Capital: Concept, Significance, Source of finance, Calculating cost of debt; Preference shares, equity capital and retained earnings, Weighted Cost of Capital. Leverage: Concept, significance, calculation and impact of Operating, Financial and Combined Leverage.

Unit 3 Capital Structure: Concept, factor affecting Capital Structure, designing Optimal

Capital Structure, EBIT and EPS analysis. Theories of Capital Structure.

Unit 4

Capital Budgeting Decision: Capital budgeting process, Estimation of Relevant cash

flows, Non-discounted and discounted cash flow techniques – Pay back, ARR, NPV,

IRR and Profitability index. Dividend: Meaning, nature, factors affecting dividnd,

Dividend Theories: Walter’s Model, Gordon’s Model, M.M.Hypothesis.

Unit 5

Working Capital Management: Meaning and nature of working capital,

Determination

of working capital requirement. Cash management, Inventory management and

Receivables management. Suggested Readings:

1. Chandra Prasanna. Financial Management Theory and Practice New Delhi. Tata McGraw Hill.2015.

2. Khan M.Y. and P.K.Jain .Financial Management: Text and Problems. New Delhi, Tata McGraw Hill

pvt ltd.

3. Pandey I.M. Financial Management. New Delhi, Vikas Publishing House

B.COM312: CORPORATE LAW

Objectives: To familiarize the students with the understanding & provision of Corporate

Law. Case studies & problems including issues in corporate law are

required to be discussed.

Unit 1 Introduction: Characteristics of a company, concept of lifting of corporate veil.

Types of companies, association not for profit, illegal association. Formation of


company –Promoters, their legal position, pre-incorporation contract and provisional

contracts. Introduction to company secretary.

Unit 2

Documents – Memorandum of Association, Articles of Association, Doctrine of

Constructive Notice and Indoor Management, Prospectus and Book Building Share

Capital – issue, allotment and forfeiture of share, transfer and transmission of shares,

buyback, share certificate and share warrant.

Unit 3

Members and shareholder – their rights and duties .Shareholders meetings, kinds, convening and conduct of meetings. Management – Directors, classification of directors, dis-qualifications, appointment, legal position, powers and duties, disclosures of interest, removal of directors, board meetings, other managerial personnel and remuneration.

Unit 4 Dividend Provisions and issue of bonus shares. Investigations. Winding-up–concept and modes of winding up .

Unit 5

Meetings of Board and Committees - Frequency, Convening, Proceedings,

Resolution by Circulation; Minutes and Evidence, General Meetings-Kinds of

Meetings; Law, Practice and Procedure Relating to Convening and Proceedings at General and Other Meetings; Notice, Quorum, Chairman, Proxy, Voting Recording, Signing and Inspection of Minutes

Suggested Readings:

1. P.P.S. Gogna: Company Law, S. Chand New Delhi.

2. Kuchhal M.C. Modern India Company Law. Delhi, Vikas Publishing House 2013.

3. Taxman’s Elements of Company Law, Taxman Publication, Mumbai.

4. Davies,Paul. Company Law. Oxford Publication.

B.COM313: CORPORATE ACCOUNTING

Objectives: To make the students familiar with generally accepted accounting principles of corporate accounting & their applications in corporate entities.

Unit 1

Accounting for share capital – Issue, Forfeiture and Reissue of forfeited shares.

Redemption of preference shares including buy-back of equity shares. Redemption

of

Debentures, Underwriting of Shares

Unit 2 Preparation of Profit and Loss Account, Profit and Loss Appropriation Account and

Balance Sheet in accordance with the provisions of the existing Companies Act.

Unit 3 Liquidation and Winding of Companies, Statement of Affairs and Deficiency

Account,

Preparation of Liquidator’s Final statements

Unit 4 Accounting for Amalgamation of Companies with reference to Accounting Standard-

14 issued by the Institute of Chartered Accountant of India Accounting for Internal

Reconstruction .

Unit 5 Final Accounts of Banking Company and Electricity Company

Suggested readings:

1. Maheshwari S.N .Corporate Accounting. New delhi ,Vikas Publishing house.

2. Shukla, M.C, Grewal T.S. Gupta S.C.Advanced Accounts.New Delhi, S Chand and Co.

3. Rajpurohit , joshi. Corporate Accounts. Rajasthan Pathaya Prakashan,

4. Rajpurohit , joshi .Corporate Accounts, (Hindi) .Rajasthan Pathaya Prakashan

B.COM314: BANKING OPERATIONS

Objectives: To make the students familiar with generally accepted banking principles &

their applications in business organizations.


Unit 1 Meaning, Definition, Functions and Importance of banking, Structure of

Indian Banking system.

Unit 2 Central Bank: Role, Organization, Functions. Current and Future Challenges

of RBI. Credit control and its Methods.

Unit 3 Bank deposits: Types, opening and its operations.KYC Norms in India,

Banking Instruments: Cheque,bank draft,Credit Cards and Debit Crads .

Unit 4

Overview of different types of banking in India: - Retail Banking,

Commercial banking, and Regional Rural Banking and NABARD.

Unit 5 Emerging trends in banking sector: Universal Banking, E-banking and

Development Banking.

Suggested readings

1. Sundaram & Varshney; “Banking, Theory Law and Practice”; Sultan Chand & Sons

2. Vasant Desai; “Development Banking & Financial Intermediaries”; Himalaya

Publishing House, 2016.

3. Varshney & Malhotra, “Principles of Banking”, Sultan Chand & Sons.

4. A.Gajendran ,”Banking And Financial System “;Vrinda Publications,2014

B.COM411: DIRECT TAXATION

Objectives: To provide basic knowledge and equip students with application of

principles and provisions in Income Tax Act,1961.

Unit 1

Important definitions in the Income-tax Act, 1961, Concepts of previous year assessment year: agricultural income. Residential Status and scope of total income; Income deemed to be received / deemed to accrue or arise in India. Exempted income under section 10 relevant for individuals.

Unit 2 Computation of Income under the head Salaries and Income from House Property.

Unit 3 Computation of Taxable Income under the head income from Business and

Profession and Income from Capital Gain.

Unit 4 Income from Other sources; Set off and Carry forward of Losses.

Unit 5 Deductions from Gross total Income, Computation of total income and tax liability

of individuals, Return of Income and Procedure of Assessment.

Suggested Readings :

1. Singhania,Vk. Singhania Monica .Students Guide To Income Tax (Including Service Tax,

Vat).Taxman allied service

2. Mahrotra.HC.Income Tax. Agra Sahitya Bhawan Publications.

3. Lal, B.B. Income tax.Pearson

4. Drgirishahuja, Harigupta.Professional applications to direct taxes: law and practice. New Delhi Bharat

Law House Pvt. Books.

B.COM412: AUDITING & ASSURANCE

Objectives: To provide basic knowledge and equip students with the principles of

auditing

Unit 1

Auditing: Meaning, Definition, objective, Importance, Limitation,

Relationship between auditing and accounting, type of audit, error and fraud,

basic principal governing audit. Internal Control Measure: Meaning,

objective, internal check, internal audit, internal control regarding sale,


purchase, salaries and wages

Unit 2

Audit program: Meaning, process, objective, Specimen of audit programme,

Advantage, Disadvantage, Audit Procedure: Meaning, Routine checking, Test

checking, Audit working paper, Audit note book, Vouching: Meaning,

importance, auditor and vouching, vouching of cash book and trading

transaction

Unit 3 Verification and valuation of assets and liabilities, Audit of final accounts,

Clean and Qualified report

Unit 4

Company auditor: Appointment, power/rights, liabilities and duties,

Investigation: Meaning, objective, procedure, Investigation on behalf of

perspective purchaser of business, banker and prospective investor

Unit 5

Special points in the audit of banking companies, General Insurance

Companies, educational institutions & clubs , Tax Audit , Cost Audit ,

Management Audit , EDP audit.

Suggested Readings

1. Gupta, Kamal Contemporary Auditing,- Tata McGraw Hill, New Delhi. 2. Jain, Khandelwal & Pareek – Auditing- Ramesh Book Depot, Jaipur. 3. Singh, A. K. and Gupta Lovleen- Auditing Theory and Practice- Galgotia Publishing Company, New

Delhi. 4. Tandon, B.N. - Principles of Auditing- S. Chand & Co. New Delhi.

5. Sharma, T.R.- Auditing Principles & Problems- Sahitya Bhawan, Agra

B.COM413: QUANTITATIVE APTITUDE

Objectives: To familiarize the students with the tools and techniques of Operation

Research used in decision making process.

Unit 1

Operation Research: Nature, significance, purpose and limitations,

Methodology of operation research. Calculus- mathematical function & concept of limit and

continuity of function, concept of differentiation, rules of differentiation-simple

standard form, applications of differentiation- elasticities of demand and supply,

maxima and minima of functions relating to cost, revenue and profit

Unit 2 Matrices & Determinants: Definition of a matrix, types of matrices, algebra of

matrices, adjoint of a matrix, finding inverse of a matrix through adjoint,

applications of matrices for solution to simple business and economic problems

Unit 3

Transportation& assignment problems: General structure of transportation

problem, solution procedure for transportation problem, methods for finding

initial solution. Maximization transportation on problem, transportation

problem. Assignment problem: approach of the assignment model, solution

methods of assignment problem, maximizationin assignment, unbalanced

assignment problem.

Unit 4

Linear Programming: Concept, Assumptions and Usage in business decision

making .linear Programming problem: formulation, methods of solving:

graphical and simplex, duality concept, Significance, usage & application in

business decision making.

Unit 5 Network Analysis using PERT and CPM: Concepts, Drawing Network and

Numbering Events, project time.

Suggested Readings


1. Gupta, S.P. & Gupta, P.K., “Quantitative Techniques and Operations Research”, Sultan

Chand & Sons, 2009.

2. V K Kapoor. “Operations research, Sultan Chand publications,” New Delhi

3. Sharma, J.K., “Operations Research: problems & solutions,” Macmillan India Ltd. , 2nd

edition 2004

4. Khandelwal, Gupta, Ahmed and Jain “Quantitative techniques in Management”, Ramesh Book

Depot.

5. Gupta, Gupta and Manmohan “Business statistics and Operation research “, Sultan Chand and

Sons.

6. Gupta, S.P. & Gupta, P.K., “Quantitative Techniques and Operations Research”, Sultan

Chand & Sons.

B.COM414: ECONOMIC AND INDUSTRIAL LAWS

Objectives: To familiarize the students with the understanding and provisions of

economic and industrial related laws. Case studies and problems involving

issues in economic and industrial laws are required to be discussed.

Unit 1

FEMA, 1999: Objectives and definitions under FEMA, dealings in foreign exchange,

holding of foreign exchange etc., current account transactions, capital account

transactions, export of goods and services, realisation and repatriation of foreign

exchange, exemptions, authorised person, penalties and enforcement, compounding

of offences, Directorate of Enforcement, Appellate Tribunal, etc. Procedure relating to various foreign exchange transactions as enumerated in

Exchange Control Manual.

Unit 2 Negotiable Instruments Act, 1881: Nature, Kind, Parties and Indorsement, Dishonour

of Instrument, Crossing and Dishonour of Cheques and Banks

Unit 3 Industrial Employment (Standing Orders) Act, 1946: Object, applicability,

interpretation, appeal, disciplinary actions and grievance procedure

Unit 4

Minimum Wages Act, 1948: interpretation-competent person, Hazardeous process,

Manufacturing process, Workers, Factory occupier, Healthy, Safety and Welfare,

Working house of Adults, Employment of young persons, Inspector- Appointment

and Powers.

Unit 5 Payment of Bonus Act, 1965: Object, application and major provisions

Suggested Readings

1. Malik,P.L.Industrial Law .Eastern Book Company,

2. Dr. S.K. Puri. Labour and Industrial Laws. Ellahabad New Agency

3. Seth D.D. Commentaries on Industrial Disputes Act. New York Library

4. Kulshreshtha D.K. Labour Legislation .Agra, LaxmiNarainAgarwal

5. Sinha, Sinha, Priyadarshini Seema Shekhar.Industial Relations.Trade Unions and Labour

Legislation.Pearson Education.

B.COM415: OFFICE AUTOMATION AND ACCOUNTING APPLICATIONS

Objectives: To provide computer skills and knowledge for commerce students and to

enhance the student understanding of usefulness of information technology

tools for business operations.

Unit 1 Introduction to computers- Meaning, definition, a simple model of computer,


Characteristics of computer systems, Input and Output devices, Computer

languages-low level, High, Hardware and Software,

Unit 2

Word Processing- Concept, Interface, Keyboard Shortcut, Creating, Saving

and Opening Documents in Word, Editing, Previewing, Printing & Formatting

a Document, Find & Replace text, Header and footer, Using Thesaurus, Mail

Merge, Handling Graphics, Tables & Charts, Converting a word document

into various formats, Macro, Checking and correcting spellings and grammar,

other advance function

Unit 3

Spreadsheet & Presentation Package- Concept, Creating, saving, opening

workbook in excel, Entering data in cell/formula, Editing, formatting a

worksheet, Previewing, Printing, Function, Copying formulae, Working with

excel graph and charts. Presentation Package- Concept, Creating, Opening

and saving, presentations, working with different views, Editing texts,

Working with slides, Creating presentation, adding and formatting slide and

text, adding clip art, pictures, designing slide shows, running and controlling

slide show, Working with chart, printing, other advance function

Unit 4

E- commerce- Introduction, Types, Benefits, Limitations and barriers of e-

Commerce, E- Commerce models, value chains in E-commerce, E-Commerce

in India, web based tools for Electronic Commerce, Legal, Ethical and

Societal impacts of E-commerce.

Unit 5

Fundamental of Tally- Meaning, Feature, Importance, Manual v/s

computerized accounting, Creating company, Group and ledger Creation,

Accounting entries for different transaction and taxes, Financial Report

generations,

Suggested Readings 1. Jain, Satish, Jain, Shashank, Jain Madhulika- IT Tools and Application- BPB Publication, New Delhi

2. Jain, Bhargava & Agarwal – Fundamentals of Computer- RBD Publication, Jaipur

3. P K Sinha-Computer Fundamentals-BPB Publications, New Delhi

4. Asok K. Nadhani-Tally Training Guide- Jain Book Agency, New Delhi

5. Maidasani, Dinesh, Straight to Point, Tally 9ERP, Firewal Media, New Delhi

B.COM511: INDIRECT TAXATION Objectives: To provide basic knowledge and equip students with application of

principles and provisions of Indirect taxes.

Unit 1 Introduction: Indirect Tax, Central Sales Tax: Introduction, Definition, Declared

Goods, Computation of Tax, Registration, Assessment Procedures, Penalty and

Liabilities. Settlement of Disputes.

Unit 2 VAT: Introduction, Computation of Tax, Registration, Assessment Procedure, Tax

liability recovery and Refund and Penalties,

Unit 3

Central Excise Duty: Introduction and Definitions , Classification of Goods, Basis

of Excise Duty, Central Value Added Tax, Valuation of Goods and Computation of

Central Excise Duty and Administrative Set up.

Unit 4 Customs Duty: Introduction, Nature and Types; Tax Liability, Valuation of Goods, Computation of Customs Duty. Service Tax: Introduction, Taxable and tax free

Services, Registration of Service Tax, Valuation of Services, Assessment, Penalties.

Unit 5 Wealth Tax : Chargeability, Assessment Year, Valuation Date, Computation of Net

Wealth, Incidence of Tax, Assets, Deemed Assets, Assets Exempt from Tax, Debt


Owed, Valuation of Assets, Return of Wealth and Assessment. Suggested Readings :

1. Indirect Tax: Modi ,Shah, Mangal, RBD

2. Income Tax and Indirect Tax: Shah, Bhandari, Bohra Tater, Singhal, RBD

3. Students Guide To Income Tax (Including Service Tax, Vat): V. K Singhania, Monica Singhania, Taxman allied services

4. Indirect Tax Laws: Dr.Vandana Bangar, Dr. Yogendra Bangar, Aadhya Prakashan.

B.COM512: MANAGEMENT ACCOUNTING Objectives: To provide basic knowledge and equip students with application of

principles and provisions of accounting used in business decision making

process.

Unit 1

Management Accounting-Introduction, Definition, Meaning, Scope,

limitations. Ratio analysis: Meaning, Objectives, limitations, Classifications,

Computation and Interpretation, Du Point control chart.

Unit 2 Cash Flow and Fund Flow Statement.

Unit 3

Marginal costing and managerial decisions : The basic concept of Marginal

Cost and Marginal Costing, Break Even Analysis and Cost volume profit

analysis, Break even charts and profit charts, managerial decisions,

application of marginal costing in decision making Unit; standard costing and

variance analysis.

Unit 4 Budgeting a n d budgetary c o n t r o l - c o n c e p t ; importance; process,

various types of budget; Control Ratio; ZBB.

Unit 5

Emerging issues in Management Accounting- Human resource accounting,

EVA, Internal reconstruction and amalgamation- concept, elementary

accounting and interpretation.

Suggested Readings 1. Hingorani,N L.and Rmanathan,A R.Managment accouniting,new delhi,Sulatn chand . Khan and Jain.

Management Accounting.New delhi ,Tata McGraw Hill.

2. Panday I.M., Management accounting, New Delhi,vikas publishing house

3. Vij.Madhu.Financial and management Acounting,Anmol publications,2013.

4. Heitger,L E and Matulich Serge.Financial Accounting.Tata Mcgraw hill

B.COM513: FUNCTIONAL MANAGEMENT


principles and provisions of accounting used in business decision making

process.

Unit 1 Human Resource Management; Meaning, Nature, Significance, and Scope of Human

Resource Management. Human Resource Planning: Need, Importance and Process.

Job Analysis: Objective, Process, Techniques. Job Design; Approaches and Methods.

Unit 2

Recruitment; Meaning, Sources, Methods, Selection; Meaning, Process and Tests.

Placement and Induction; Training and Development: Objectives, Methods and

Evaluation of Training and Development Programme, Worker’s participation in

Management

Unit 3

Marketing Management: Marketing Management: Concept, Importance, Scope of Marketing and Functions of Marketing, Promotion Decision; promotion mix –

Distribution channels and Physical Distribution Decision: Nature, functions and types

of distribution channel.


Unit 4 Marketing Research; Meaning, Objectives, Significance and Procedure of Marketing

Research. Product Decision: Meaning of Product, Product Life Cycle and New

Product Development.

Unit 5 Production and Operation Management: Meaning, Significance, Scope of Operations

Management. Plant location; Layout Planning, Routing, Scheduling, Dispatch and

Follow up. Operations for Job, Batch and Mass Production. Suggested Readings

1. Bhattacharya, Deepak Kumar, Human Resource Management, Excel Books, New Delhi. 2012

2. Rao.V.S.P.Human Resource Management: Text and Cases. Excel book,2004

3. Kotler Philip. Marketing Management .Prentice Hall of India

4. Saxena .Marketing Management . Tata McGraw Hill Publications.2010


B.COM514: INTERNATIONAL TRADE & FINANCE

Objectives: To provide basic knowledge related to international trade and finance used

in business.

Unit 1

Meaning, nature, advantages and disadvantages in international trade Terms of

trades; Balance of Trade and Balance of Payment- Concept, cause of Disequilibrium

and Measures for Correction. Adjustment Mechanism, Trends in world Trade

and Problems of Developing Countries, Planning International Trade Operations.

Unit 2

Foreign Exchange Rates- Meaning and determination- mint par parity Theory; Purchasing Power Parity Theory; Demand and supply Theory. Fixed, Flexible

and floating exchange rate- Meaning and their advantages and disadvantages.

Fluctuations in exchange rates, causes, effects and methods of controlling the

fluctuations, Exchange control- Meaning, Objectives, methods Exchange control in

India.

Unit 3 Methods of International Payment and Settlements. Documentary credit as method of payment. Export Finance. Import finance. Study of Institutions associated with

Export/ Import Finance, Role of STC & MMTC and Export promotion Councils

Unit 4 Commercial Policy. Export Promotion and Import substitution, ECGC, Exim Bank, Infrastructure and Institutional Setup for Exports, Policy Measures, 100% EOU,

Export Houses and Trading houses, EPZs, SEZs.

Unit 5 Euro Currency Markets and EURO, Foreign exchange market - Concept, Mechanism

of Determination of Rate, management of risk in International Payment,

International liquidity - Meaning, comparison, sources and Role of SDRs Suggested Readings :

1. K.D.Swami: International Trade

2. Singhal : International Trade

3. M.C. Vaish : Macro Economics

4. Daniels & Radebaugh : International Business

5. Cheruvilam : International Business

B.COM515: ENTREPRENEURSHIP

Objectives: To provide basic knowledge related to entrepreneurship

Unit 1

Concept of Entrepreneurship - Meaning - Types - Qualities of an Entrepreneur

- Classification of Entrepreneurs - Factors influencing Entrepreneurship -

Functions of Entrepreneurs

Unit 2

The Entrepreneur: definition, emergence of entrepreneurial class; theories of

entrepreneurship; role of social economic environment; characteristics of

entrepreneur; leadership; risk taking; decision making and business planning.

Unit 3

Role of Entrepreneur: Role of an entrepreneur in economic growth as an

innovator, generation of employment opportunities, complimenting and

supplementing economic growth, bringing about social stability and balanced

regional development of industries

Unit 4 Entrepreneurial Development Programme (EDP) - Role, relevance, and

achievements - Role of Government in organizing EDPs - Critical evaluation.

Unit 5

Promotion of a Venture: Opportunities analysis; external environmental

analysis economic, social and technological; competitive factors; legal

requirements of establishment of a new unit and rising of funds; Venture


capital sources and documentation required...

Suggested Readings

1. Vasant, DCSAI; Entrepreneurship, Himalaya Publishing House, 2003.

2. Taneja & S.L. Gupta.; Entrepreneurship Development

3. Pandey, I.M.; Venture Capital –The Indian Experience, Prentice Hall of India.

4. Tandon B.C, Environment and Entrepreneur, Chug Publications, Allahabad

5. Peter F Drucker: Innovation and Entrepreneurship Heinemann London

6. Rajpurohit, Vyas, Ramchandani, Sharma; Fundamentals of Entrepreneurship, Ajmera

Book Company, Jaipur.

B.COM611: FINANCIAL MARKET OPERATIONS

Objectives: To provide basic knowledge and equip students with application of financial

market operations

Unit 1

Financial system- nature, roleand structure of financial system, Overview of

Financial Institution, Financial markets in India; classification of financial

markets, money market- its constitutions, functions of money market, money

market institutions.

Unit 2

Capital market: a) Security market b) secondary market, functions and role of

Stock Exchange, Functions and role of Stock exchange, Listing Procedure

and legal Requirements.

Unit 3 Functionaries on Stock Exchange, Brokers, Registration, duties, Sub Brokers- Registration and duties, Market Makers, Jobber's, Portfolio consultants.

Unit 4

Financial Instruments: concepts and characteristics. Financial Services:

Merchant banking- functions and roles: Credit rating – concept, functions, and

types. Mutual fund –Salient features and its importance

Unit 5

Securities Contract and Regulations Act: Main provisions. Scope of Securities

Contract (Regulation) Act1956.Investors Protections: Grievances concerning

stock exchange dealing and their removal: Grievances cells in stock

exchanges: SEBI: role, achievements and guidelines

Suggested Readings:

1. LM Bhole;” Financial Institutions and Markets” Tata McGraw Hill, New Delhi

2. Bharati Pathak ‘”Financial Institution and Markets”, Pearson Education, New Delhi.

3. A.K. Sengupta and M.K. Agarwal, “Money Market Operations in India”,Skylark Publications,

New Delhi.

4. M.Y. Khan ‘”Indian Financial System- Theory & Practice”, Tata McGraw Hill, New Delhi.

5. P.N. Varshney & D.K. Mittal ‘”Indian Financial System “Sultan Chand & Sons, New Delhi

6. Chaudhary, Mishra ’”Financial Market Operation”RBD Publishing House, Jaipur

7. Saraswat, Godha;” Financial Market Operation” RBD Publishing House, Jaipur

B.COM612: ADVANCE ACCOUNTING

Objectives: To acquaint the students with basic concepts and various methods involved

in advanced accounting

Unit 1

Accounting for price level change

Fund based accounting

Accounting for Insurance companies


Unit 2

a. Social Accounting

b. Accounting for Agricultural farms

c. Hotel accounting

d. Responsibility accounting

Unit 3 Introduction to Government accounting, Human Resource Accounting, Value

added accounting, Economic value added accounting

Unit 4 Valuation of Assets: Goodwill, Shares and Inventory, Accounting for

Hospital, Accounting for solicitor, Joint Venture Accounting

Unit 5 Corporate Reporting and Information disclosure and design of accounts,

Investment accounting

Suggested Readings: 1. Shukla, M.C. & Grewal T.S. - Advanced Accounts- S. Chand & Co. New Delhi.

2. Gupta, R.L. - Advanced Accountancy- S. Chand & Co. New Delhi.

3. Jain and Narang - Advanced Accountancy- Kalyani Publishers, New Delhi.

4. Jain, Khandelwal, Pareek -Advance Accountancy- RBD Publication, Jaipur.

5. Tulsian, P.C. Advanced Accounting. New Delhi, Tata Mc Graw Hill

B.COM613: INSURANCE MANAGEMENT


principles and provisions of insurance management

Unit 1

Concept of insurance, benefits, functions, importance and principles. Types of

Insurance: Life, Non-Life (general), Health, Pension, Social Security and

Retirement Benefits. Concept of Bank assurance.

Unit 2

Relevance of Insurance to the emerging socio-economic needs of all the

sections of society including Industrial sector, Intermediaries in Insurance

business. Reforms and future trends in Indian Insurance Industry.

Unit 3

Principles & Practice of Insurance: Nature of Insurance contracts, History of

Development ofInsurance in India. Life Insurance and General Insurance: Principles

of Life andGeneral Insurance, Insurable interest,Utmost good faith,Approximate

cause indemnity, Subrogation ,Contribution Legalaspect of Life Insurance, Insurance

applications.

Unit 4

Indian Insurance Sector: The insurance sector, changing scenario of Life Insurance

Sector, Basis of regulatory mechanism for insurance sector in India-IRDA,

ECGC

Unit 5 IRDA Act-Basis of regulatory mechanism for insurance sector in India.

Suggested Readings:

1. Mishra M.N. & Mishra S.B., Insurance Principles and Practice, New Delhi, S. Chand Publishing

Ltd.

2. Tripathi Parva Nalini & Pal Prabir, Insurance Theory & Practice, lst ed., New Delhi, S. Chand &

Co 3. Gulati Neelam, Principles of Insurance Management, 1

st Ed., New Delhi, Excel Books

4. Pal Karam, Bodla B.S., Garg M.C., Insurance Management-Principles and Practices, New Delhi, Deep

& Deep Publications Pvt. Ltd.